Are digital payments secure enough for the Indian economy to go cashless?
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2111 comments Page 111 of 212.
RISHABH said:
8 years ago
I don't think India is yet ready to go cashless since.
> it does not pose enough cyber security infrastructure.
> other reason would be lack of awareness about digital or cashless transaction.
>Indian market majorly constitutes of informal sector which is heavily cash driven.
>possibilities of frauds and virus. RBI recently accepted malware in hitachi switch installed in ATM machines which has infected many debit cards.
>bank of Maharashtra lost 25 crore rupees in biggest upi fraud so far.
> it does not pose enough cyber security infrastructure.
> other reason would be lack of awareness about digital or cashless transaction.
>Indian market majorly constitutes of informal sector which is heavily cash driven.
>possibilities of frauds and virus. RBI recently accepted malware in hitachi switch installed in ATM machines which has infected many debit cards.
>bank of Maharashtra lost 25 crore rupees in biggest upi fraud so far.
(6)
Kaushal said:
8 years ago
Hello my name is Kaushal. Modi government dream is "cashless society " so government trying to go forward digitally and to encourage digital payment they can also give some discount in BHIM app. I think it's great initiative in country like India because many Developed country are going Digitally. It's secure and less chance to theft, on cash there is chance to theft and also duplication of notes which can be minimize by using Debit card /Credit card.
We should also support PM initiative "Cashless Society ".
We should also support PM initiative "Cashless Society ".
(13)
Manan Paruthi said:
8 years ago
Digital payments are not that secure that Indian economy can go cashless but Govt is working to make digital payments more and more secure to overcome the frauds that are happening in the market and also most of the population of India don't know about the digital payments. So according to me govt should start educating people about the digital payments and along with that they also work on making it more secure. After that only digital payments will become secure enough for the Indian economy to go cashless.
(4)
Sonia said:
8 years ago
In India while we are coming with an idea of digitalization we have to encourage digital payments. India is a growing country, it is our duty to practice and make use of it. Almost all the digital payments available in India are secured. The lack of awareness makes people not to use digital payments.
It is necessary to educate the people about the benefits of digitalization and encourage them. Indian economy will grow if we promote this since India can beat the other countries which are already digitalized.
It is necessary to educate the people about the benefits of digitalization and encourage them. Indian economy will grow if we promote this since India can beat the other countries which are already digitalized.
Deepak said:
8 years ago
Digital payments is a great step to boost up Indian economy and It encourages unprivileged people who are illiterate like daily labour, a rickshaw puller, vegetable vendors to get some knowledge. And due to demonetization and JIO free internet, we can easily see that these people are using smart-phones and selling their goods and providing services through paytm etc.
So, these things itself creating awareness for our illiterate people and this type of awareness is the main step towards the digital security.
So, these things itself creating awareness for our illiterate people and this type of awareness is the main step towards the digital security.
(22)
Galaxy khan said:
9 years ago
Yes, digital payment is beneficial for us, its provides facilities.
Peoples no need to takes lots of money in travels.
It gives government records pf money.
Lack of black money.
Free from corruption.
But it has also some drawback like those poor people who has no bank account and no idea about how to use ATM have troubles to find out the advantages of going cashless. And also people need internet facilities which are not necessarily available at every places n speed also not good to use it every place.
Peoples no need to takes lots of money in travels.
It gives government records pf money.
Lack of black money.
Free from corruption.
But it has also some drawback like those poor people who has no bank account and no idea about how to use ATM have troubles to find out the advantages of going cashless. And also people need internet facilities which are not necessarily available at every places n speed also not good to use it every place.
(11)
SANCHIT said:
8 years ago
Day by day with the increase of population queues in the banks to make transactions are also increasing. To avoid this, transactions through digital mode is a better alternative which saves time as well as it is convenient.
But security threat is one of the major problem attached with the digital payments. Recently, wannacry and security breach of cards, make people think whether the digital mode is secure or not. We need to improve our cyber security, make certain cyber laws for the safeguarding of data.
But security threat is one of the major problem attached with the digital payments. Recently, wannacry and security breach of cards, make people think whether the digital mode is secure or not. We need to improve our cyber security, make certain cyber laws for the safeguarding of data.
(10)
ANUMOL said:
7 years ago
Hello friends,
In my point of view, digital payments is very secure as compared to other. India is not a devoloped country but it is a devoloping country. For a devoloping country this type of technology is needed. Today most of them chooses online transactions. But in the rural areas people don't know how to use this process. So this technology is mostly useful for the coming genrerations. As every coins has two sides so just on the basis of negative sides we cannot just torn out this process.
THANK YOU.
In my point of view, digital payments is very secure as compared to other. India is not a devoloped country but it is a devoloping country. For a devoloping country this type of technology is needed. Today most of them chooses online transactions. But in the rural areas people don't know how to use this process. So this technology is mostly useful for the coming genrerations. As every coins has two sides so just on the basis of negative sides we cannot just torn out this process.
THANK YOU.
(3)
Ash said:
7 years ago
Hello friends,
Digital payment is one of the method where we can easily do the payments through internet using mobile.
Nowadays everybody is using mobile for the payments like we use Tez, phonepe, paytm. We can easily do the payments without standing in line in the bank. But is this secure? We can easily do the payments without standing in line in the bank.
But we know there are so many hackers around us anytime they can hack our account. Within a second whatever we worked hardly and earned money can go.
Digital payment is one of the method where we can easily do the payments through internet using mobile.
Nowadays everybody is using mobile for the payments like we use Tez, phonepe, paytm. We can easily do the payments without standing in line in the bank. But is this secure? We can easily do the payments without standing in line in the bank.
But we know there are so many hackers around us anytime they can hack our account. Within a second whatever we worked hardly and earned money can go.
(6)
Purushothamreddy said:
8 years ago
Hello everyone, Myself Purushotham reddy.
Digital payments is mostly secure for Indian economy. Government link the biometric procedure to all digital payments. We cannot stop all corruption in India but as compare to cash payments decrease the corruption. Suppose government giving money to (ex:old people) people. In some villages government workers are they do not gave money to that people. They were taken that money. Because of there were no biometric procedure. For that digital payments are more secure.
Digital payments is mostly secure for Indian economy. Government link the biometric procedure to all digital payments. We cannot stop all corruption in India but as compare to cash payments decrease the corruption. Suppose government giving money to (ex:old people) people. In some villages government workers are they do not gave money to that people. They were taken that money. Because of there were no biometric procedure. For that digital payments are more secure.
(32)
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